Shares of Cue Biopharma, Inc. (CUE) are soaring about 100 percent in Friday morning trading, likely driven by several significant announcements the company made yesterday.
The company's shares are currently trading at $29.59 on the Nasdaq, up 100.62 percent. The stock opened at $33.80 in today's session. Over the past year, it has traded in a range of $4.98 to $33.80.
The company announced the appointment of Shao-Lee Lin to succeed Lucinda Warren, Interim President and Chief Executive Officer. Also, it agreed to sell pre-funded warrants to purchase upto 2.73 million shares and accompanying warrants to purchase an aggregate of up to 1.36 million shares at the price of $11.00 per pre-funded warrant and accompanying warrant.
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